Beanworks Blog
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ePayments
What is a Virtual Credit Card? 3 Things You Need to Know
One research study found 9,708 instances of compromised credit card data in only the first quarter of 2019. Right now, one of the biggest financial risks is credit card fraud.
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ePayments
Getting Ready for the Digital Payments Phase
Payments trends from the past decade indicate that businesses are turning away from checks. According to the Association for Financial Professionals, 81% of B2B organizations used checks in 2004. In 2019, this was down to an all-time low of 42%.
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ePayments
Virtual Credit Cards Are the Modern Day Early Payment Discount
Early payment discounts are a time-honored tradition in business-to-business (B2B) transactions. Suppliers who offer these types of discounts win by ...
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ePayments
The Biggest Barrier to Entry for Electronic B2B Payments in the US
Accounting teams across North America rely too heavily on paper checks as their primary form of payment to vendors. Not ...
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ePayments
How to Combat Payment Fraud with Accounts Payable Automation
This past August, accounts payable staff at MacEwan University in Edmonton made a simple change to vendor banking information that ...
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ePayments
Enhance the Payments Experience on QuickBooks Online
QuickBooks Online (QBO) was launched by Intuit in 2010 as a web-based accounting platform for small and medium-sized businesses, following ...
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ePayments
Is Your Business Ready for Virtual Credit Cards?
How would you evaluate your current vendor payments workflow? If your business is still spending time printing and mailing your ...
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ePayments
Now Available: BeanPay with Automated Check Payments
Since beginning to offer electronic payments earlier this year, we have been overwhelmed with your positive feedback and excitement to ...
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ePayments
Same Day ACH Payments Set to Start at US Financial Institutions in Fall 2016
Starting on September 23, 2016, Same Day ACH Payments are set to start at US financial institutions which will have ...
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ePayments
Break Up with Paper Checks this February 14th: Why ePayments Will Be Your Best Valentine Yet
February can be a tricky time in the accounting world. Year end is wrapping up, tax deadlines are fast approaching, ...
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ePayments
5 Easy Ways To Get Vendor Discounts
Why spend more money for your accounts payable vendor invoices than you have to? Maximizing cash flow can be done ...
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ePayments
Automatic Payment Run Report – Make Your Accounts Payable Team Smile
You’ve probably noticed a theme running through our blogs. Automated is Good, manual is Bad. A great AP process allows ...
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